Jane Calvert owns a condominium at the beach which she rents out to vacationers. What type of investment does she hold?
A) direct investment in real estate
B) indirect investment in real estate
C) equity REIT
D) participation certificate
E) mortgage REIT
Owen Cartwright has joined a real estate syndicate that bought an office building in downtown Orlando, Florida. What type of investment does he hold?
Diversification in direct real estate investments is:
A) difficult and expensive.
B) easy and inexpensive.
C) a drawback.
D) easier than diversification in indirect real estate investments.
E) difficult but inexpensive.
Investors buy precious metals as a hedge against:
E) rising value of the U.S. dollar.
In general, the price of gold:
A) is stable.
B) fluctuates daily.
C) changes monthly.
D) is unaffected by political upheavals.
E) is unaffected by economic conditions.
Jeremy Fischer has just purchased 20 American eagle gold coins from a broker.
What type of investment does he hold?
C) precious metals
Brian Wilson has several baseball cards passed down to him from his grandfather. He is particularly proud of the signed Hank Aaron baseball card that he has. What type of investment does he hold?
Lynn Roy owns three, two-carat diamonds that she received from her grandmother who did not believe in banks or stocks and bonds. What type of investment does she hold?
It is much easier today to find and trade in collectibles than it was in prior years. Which one of the following is primarily the reason for this?
B) World Wide Web
D) plane travel
Easing of international tensions or disinflation cause gold prices to:
B) increase moderately.
C) remain stable.
E) change, but the direction of the change cannot be predicted.
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